Employment Data Alleviates Recession Concerns
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October 14, 2024; Last month’s jobs report alleviated recession concerns; Consumer Price Index (CPI) shows inflation moving positively but slower than expected; 10-year Treasury yield increased by 10 basis points; Falling energy prices contributed to lower headline inflation; Core inflation accelerated for the third consecutive month; Producer Price Index (PPI) fell to lowest level since February 2021; Personal Consumption PPI increased 0.1% in September, down from 0.3% in August; Year-over-year Personal Consumption PPI running at 1.8%; Federal Reserve Bank of Atlanta's GDPNow estimate for Q3 2024 real GDP growth rose to 3.2%; Expected interest rate cut of 25 basis points at next Fed meeting; Strong wage growth and lower inflation benefiting household finances; Potential headwinds include climate disasters and contested elections.

#Economy #Inflation #Employment #FederalReserve #Gdp #Ppi #Cpi #InterestRates #Housing #ConsumerSpending

https://dallasexpress.com/business-markets/employment-data-alleviates-recession-concerns/